Walmart, Costco, Kroger, Target, Publix, and More named in 2016 Fortune 500 List
UNITED STATES – It’s time again for the newest results of this year’s Fortune 500 list. Ranked by each company’s total revenues for its fiscal year, this year’s list accounted for $12 trillion in total annual revenues, according to Fortune Magazine. So just who are the forerunners, movers and jumpers in the 2016 rankings?
Retaining its top spot for the fourth year running, the retailer reported $482,130 million in revenues, which was down 0.7% from last year. Profits were reported at $14, 694 million, down 10.2% from last year. Noted to this retailer's business model was an increase in organics, and shifting towards a more adaptable business model for consumer demand.
Reporting $116,199 million in revenues, which is up 3.2% from 2015’s list. The retail giant also reported $2,377 million in profits, which is an increase of 15.5%. The company moved up three spots from last year’s Fortune 500 list.
Kroger jumped three spots and saw a 1.3% increase to $109,830 million in total revenues from last year. The company also reported a 18.0% increase to profits, totaling $2,039 million.
With a big leap from last year’s 29 spot, Amazon reported $107,006 million in total revenues with an increase of 20.2%. Interestingly, its profits remained the same with a 0% change from $596 million. The company has recently delved into grocery delivery.
Dropping two spots from last year’s 36 rank, Target saw a decrease of 1.0% to $73,785 million. The company also reported a 0% profit change of $3,363 million from 2015.
Other notable companies and their placements on the list in comparison to last year’s, are as follows:
- #57 Sysco (up from previous 61 rank)
- #87 Publix Super Markets (up from rank 101)
- #109 McDonald’s (up from 110)
- #122 US Foods Holding (up from 128 spot)
- #160 Supervalu (up from previous 164)
- #181 Whole Foods Market (up from 214 rank)
- #185 Performance Food Group
- #189 Monsanto (up 197 rank)
- #335 United Natural Foods (previously 397)
- #351 SpartanNash (up from 359)
Click here to see our report from last year’s breakdown of the Fortune 500, and keep up with AndNowUKnow as we continue to cover changing retail strategies in the fresh produce industry.